2020-6-9 00:00 |
Saudi Arabia’s central bank – the Saudi Arabian Monetary Authority (SAMA) – announced that it recently deposited part of its liquidity injections to local banks via a blockchain-powered system. origin »
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A central bank digital currency, or CBDC, is the most widespread use-case for financial authorities in terms of blockchain, but not the only one
2020-6-8 16:02 | |
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Coinspeaker World’s Largest Oil Producer Saudi Aramco Files for an Initial Public OfferingThe shares of the world's largest oil producer Saudi Aramco will be traded on the local exchange Tadawul starting December 2019.
2019-11-4 15:22 | |
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There is a new crypto-related scam in Saudi Arabia and the local authorities are already warning the investors against them. The Finance Ministry of the country has recently warned the local investors against a group of scammers that are using the official symbol of the government to promote their own tokens. This group is affirming […]
2019-8-22 22:52 | |
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One year after Ripple signed an agreement with the Saudi Arabian Monetary Authority (SAMA), Mohsen Al Zahrani, the authority’s Head of Innovation, has confirmed that the KSA Central bank will not be using the technology but two local banks will adopt xCurrent and roll out their services by March 2019.
2019-2-13 10:15 | |
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A joint committee of Saudi Arabia’s regulatory bodies has issued a statement on cryptocurrency trading. The move hopes to protect local investors from the “high risks” associated with digital asset markets.
2018-8-14 00:45 | |
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The first ever Hajj Hackathon finally concluded August 3rd with a prize ceremony after three days of activities. The event brought almost 3,000 makers from all around the world who created different products to improve the experience of pilgrims.
2018-8-8 10:33 | |
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WhiteBIT, the largest European cryptocurrency exchange by traffic, has entered into a strategic cooperation agreement with Durrah AlFodah Holding, represented by His Royal Highness Prince Naif Bin Abdullah Bin Saud Bin Abdulaziz Al Saud, to drive the Kingdom’s advancement in blockchain technology, digital finance, and data infrastructure.
The Sandbox, Nuqtah and Sandsoft have partnered to promote Web3 and metaverse adoption in Saudi Arabia and MENA region. Nuqtah will list SAND land and avatars on its NFT marketplace. Web3 adoption in Saudi Arabia is set for a significant boost after metaverse firm The Sandbox and its partner, mobile-first game developer Sandsoft, inked a […] The post The Sandbox partners with Nuqtah to boost Web3 adoption in Saudi Arabia appeared first on CoinJournal.
Animoca will develop web3 solutions and establish a hub in Saudi Arabia following the partnership with NEOM Investment Fund. Metaverse and blockchain gaming venture capital firm Animoca Brands has entered into a strategic partnership agreement with the NEOM Investment Fund,…
The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3.
As the adoption of digital assets continues to grow widely, entities are following suit while aiming to use digital assets in their own way. In today’s news, the Saudi Central Bank (SAMA) unveiled its plan to experiment with central bank digital currency (CBDC) alongside local banks and fintech firms in a phase-by-phase project. According to […]
The Saudi Central Bank (SAMA) has announced its ongoing experiment with Central Bank Digital Currencies (CBDCs). SAMA is working with local banks and FinTechs to better realize the potential uses of domestic or national wholesale CBDCs.